The Nigerian stock market opened the week on a bearish note, extending its losing streak as investors lost N2.341 trillion. Profit-taking in large- and mid-cap stocks, including Learn Africa, Unilever, MTN Nigeria, AustinLaz, Abbey Mortgage Bank, and 42 other equities, pushed the market into negative territory. Market capitalisation declined by …
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Shareholders of MTN Nigeria have approved restructuring of the company’s fintech operations with the transfer of majority ownership of its digital financial services businesses to its parent company, MTN Group, in a transaction worth N152.06 billion. The approval was granted on Thursday at the company’s Annual General Meeting (AGM) in …
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MTN Nigeria, a leading technology company, on Friday announced the rebranding of its fibre broadband service to FibreX. MTN Nigeria Chief Broadband Officer, Mr Egerton Idehen, described the rebranding as a major step in delivering next-generation internet solutions across the country. Formerly known as MTN Fibre Broadband, the newly branded …
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THE Nigeria Exchange Limited, NGX, said Nigeria was on Monday hit by a wave of global stock market crash. Midday data from NGX showed a 0.27 percent decline in the NGX All-Share Index, with MTN Nigeria being the major loser. The Nigerian Banking stocks also suffered declines. For instance, Wema …
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Globacom subscribers may be unable to make calls to MTN lines soon, due to the non-settlement of interconnect charges. The Nigerian Communications Commission disclosed this on Monday in a public notice signed by Director, Public Affairs Department, Reuben Muoka. It stated that the commission granted partial approval for the disconnection of …
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Nigeria’s biggest network provider, MTN Nigeria has reversed itself on the claims that it remitted N757.5bn to the Federal Government in 2021. The company said last week that the actual amount paid to the tax authority- the Federal Inland Revenue Service in 2021 was N291.67bn. “Without prejudice but specific to …
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Nigeria said it was expecting telecoms giant MTN to meet a deadline for paying a record $3.9 billion fine which expires Thursday, despite the South African operator challenging the penalty in court. The Nigerian Communications Commission (NCC), the country’s telecoms regulator, had in October fined the firm for missing a …
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MTN is the market leader in Nigeria’s mobile-phone marketMTN Group Ltd.’s biggest market is now its worst headache.Nigeria’s telecommunications regulator (NCC) last week slapped the mobile-phone operator with a $5.2 billion fine, wiping almost 20 percent off its market value over the space of four days. There is a lot …
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